Gujarat Poly Electronics (BSE: GUJARATPOLY) had a P/E of 1.9× on 6 Nov 2026, below the industry P/E of 63.0×, and the shares are 32% below their 52-week high. It earns ROCE of 80% and ROE of 81%, and sales and net profit grew 1.9% and 74% a year over 3 years, though net profit is above operating profit, which points to a one-off gain. It has almost no debt, and its dividend yield is 0.8%. It is a small-cap company with a market cap of ₹51 Cr, ranked 17th of 20 Electronic Components companies by market cap; the shares fell 25% over the past year.
- ₹59.50
- ₹59.50
- ₹57.00
- ₹58.45
- 228
Health check
- ReturnsBehind
−24.9% over a year, better than 1 of 7 peers.
- Price tagDistorted
A one-off gain inflates profit, so P/E isn’t comparable right now.
- GrowthSteady
Sales +1.9%, profit +74.2% a year over 3 years.
- ProfitabilityStrong
ROCE 80.1% vs peer median 15.7%.
- Balance sheetFair
Practically debt-free, Piotroski 5 of 9.
- Red flags2 to check
Net profit is above operating profit, so a one-off gain is likely flattering earnings.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹51 Cr
- Small cap
- P/E
- 1.9
- Industry 63.0
- Price to book
- 1.26
- Peers 6.25
- Dividend yield
- 0.84%
- ROE
- 81.2%
- Peers 14.9%
- ROCE
- 80.1%
- Peers 15.7%
- Debt to equity
- 0.01
- Debt ₹0.31 Cr
- EPS (TTM)
- ₹30.66
- OPM (TTM)
- 4.7%
- Net margin 139.2%
- Sales growth
- +24.0%
- Latest quarter vs a year ago
- Profit growth
- +73.5%
- Latest quarter vs a year ago
- Price to sales
- 2.70
- EV/EBITDA 64.8
Strengths and risks
Strengths
- Return on equity of 81.2%.
- Return on capital employed of 80.1%.
- Practically debt-free.
- Quarterly profit up 73.5% on a year ago.
- Quarterly sales up 24.0% on a year ago.
Risks to check
- Net profit is above operating profit, so a one-off gain is likely flattering earnings.
- 32% below its 52-week high.
About Gujarat Poly Electronics
Gujarat Poly Electronics Limited manufactures and trades ceramic capacitors in India and internationally. The company provides single layer and multilayer ceramic capacitors, and metal oxide varistors. It also sells diodes for diotec semiconductors. The company supplies its products to various markets, such as computer and computer peripherals, instrumentation and industrial electronics, strategic electronics, consumer electronics, telecommunication,…
- Headquarters
- Mumbai
- Employees
- 34
- Sector
- Technology
- ISIN
- INE541F01022
- Website
- gpelindia.in
Price range
- Avg volume (3M)
- 2.2K
- 1-year return
- minus 24.9%
- From 52-week high
- minus 31.7%
Peers · Electronic Components
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| SYRMASyrma SGS Technology | 1,459.30 | minus 3.68% | 28,110 | 66.7 | 47.6 | 14.7% | 10.9% | 0.24 | 32.8% | plus 93.2% |
| KAYNESKaynes Technology India | 3,233.00 | minus 1.81% | 21,733 | 63.0 | 37.5 | 12.0% | 15.6% | 0.19 | 47.7% | minus 50.6% |
| PGELPG Electroplast | 546.15 | minus 0.55% | 15,661 | 72.5 | 37.0 | 8.7% | 7.3% | 0.25 | 33.8% | minus 3.4% |
| AVALONAvalon Technologies | 1,893.60 | minus 9.83% | 12,668 | 95.0 | 72.8 | 21.7% | 11.4% | 0.30 | 19.3% | plus 82.6% |
| KRNKRN Heat Exchanger and Refrigeration | 939.80 | minus 4.99% | 6,152 | 51.9 | – | – | 13.0% | 0.16 | – | plus 24.9% |
| CENTUMCentum Electronics | 4,069.20 | minus 0.88% | 6,007 | 374.4 | 41.5 | 37.9% | 10.5% | 0.38 | 2.4% | plus 67.0% |
| MODINSUModern Insulators | 457.10 | minus 2.34% | 2,155 | 22.9 | 20.2 | 16.7% | 14.8% | 0.13 | 18.5% | plus 213.5% |
| GUJARATPOLYGujarat Poly Electronics | 59.40 | plus 1.63% | 51 | 1.9 | 92.3 | 80.1% | 2.4% | 0.01 | 1.9% | minus 24.9% |
| Median of 7 peers | – | −2.34% | 12,668 | 66.7 | 39.5 | 15.7% | 11.4% | 0.24 | 26.0% | 67.0% |
Quarterly results
| ₹ Cr | Sep 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|
| 4.5 | 3.5 | 4.2 | 5.5 | 5.5 | |
| 4.1 | 4.1 | 4.3 | 4.9 | 4.7 | |
| 0.4 | −0.5 | −0.1 | 0.6 | 0.8 | |
| 8.1% | −15.1% | −1.3% | 11.7% | 14.7% | |
| 0.2 | 28.6 | 0.5 | 0.5 | 0.4 | |
| 0 | 0 | 0 | 0 | 0 | |
| 0 | 0.1 | 0.1 | 0.1 | 0.1 | |
| 0.5 | 28 | 0.4 | 1.1 | 1.2 | |
| 18.0% | 11.9% | 68.0% | 34.1% | 37.3% | |
| 0.4 | 24.6 | 0.1 | 0.7 | 0.7 | |
| 0.50 | 28.83 | 0.15 | 0.82 | 0.86 |
Profit & loss
- Sales CAGR 3Y
- +1.9%
- Profit CAGR 3Y
- +74.2%
- EPS CAGR 3Y
- +74.2%
- ROE
- 81.2%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 16 | 16.9 | 17.8 | 16.9 | |
| – | +6.0% | +5.1% | minus 5.2% | |
| 14.9 | 15.6 | 15.9 | 16.3 | |
| 1.1 | 1.4 | 1.9 | 0.5 | |
| 6.9% | 8.0% | 10.8% | 3.2% | |
| 0.2 | 0.7 | 0.8 | 0.1 | |
| 0 | 0 | 0 | 0 | |
| 0.2 | 0.2 | 0.2 | 0.2 | |
| 4.3 | – | – | 31.5 | |
| 5.3 | 1.8 | 2.5 | 31.9 | |
| – | −17.1% | 14.9% | 12.1% | |
| 5.3 | 2.2 | 2.1 | 28 | |
| – | minus 59.2% | minus 0.7% | +1206.5% | |
| 6.20 | 2.53 | 2.51 | 32.77 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 8.6 | 8.6 | 8.6 | 8.6 | |
| −1.4 | 0.7 | 2.7 | 30.7 | |
| 0.4 | 10.2 | 10.2 | 0.3 | |
| 11.5 | 2.1 | 1.1 | 1.4 | |
| 19 | 21.6 | 22.6 | 41 | |
| 1.5 | 1.5 | 1.5 | 4.6 | |
| 8.1 | 10 | 10.7 | 29.1 | |
| 1.1 | 2.1 | 1.9 | 0.9 | |
| 8.4 | 8 | 8.5 | 6.4 | |
| 19 | 21.6 | 22.6 | 41 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 0.8 | 2.4 | −0 | −1.5 | |
| −0.8 | −0.7 | −0 | 10.4 | |
| −0.1 | −0 | −0.1 | −9.9 | |
| −0.1 | 1.7 | −0.1 | −0.9 | |
| −7.9 | −0.1 | −0.2 | −4 | |
| −7.1 | 2.3 | −0.2 | −5.4 |
Shareholding pattern
This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders.
Major shareholders
Filings & events
News
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